Retail news from Asiafruit – Page 55
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Chinese organic regulations flouted
China’s newly introduced organic labelling regulations are being widely ignored by retailers.
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Indonesian port closure causes headaches
Logistics issues abound as Indonesian fresh produce importers scramble to adjust to recently imposed regulations
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Metro links with K+N
Kuehne + Nagel signs three year contract to manage seafreight services for Metro Group Buying Hong Kong
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Aeon unites for push into China
Japanese retailer Aeon forms joint venture to take advantage of China’s rapidly developing retail sector
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Chilean kiwifruit swamps Korean market
An oversupply of Chilean kiwifruit is forcing traders in Korea to offload fruit at below cost prices
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Healthy returns for Dairy Farm
Recent acquisitions and store openings have helped pan Asian retailer Dairy Farm post profits for the first six months of 2012
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Weather takes bite out of Asia Citrus value
Wet weather and lower wholesale prices have seen the value of shares in Asia Citrus Holdings fall to their lowest close in more than two years
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Seven-Eleven plans Chinese expansion
Seven-Eleven Beijing Co is planning a major expansion programme in regional capitals across China
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Japanese supermarket closures likely
Struggling Japanese supermarket chain could close 10 per cent of stores to help stem financial losses
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Indian demand picks up for Ramadan
With Ramadan set to kick off at the end of the week, demand for imported fruit is booming in India’s Muslim communities
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Bharti Walmart accused of FDI violations
Public interest suit alleges joint venture Bharti Walmart is violating rules governing foreign investment in India’s retail sector
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Thai supermarkets sell tainted produce
Thai consumer watch group warns of high levels of pesticides on vegetables sold in supermarkets and luxury department stores
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Carrefour helped by emerging markets
Sales at the French retail group saw a minor increase in the first half of the year, buoyed by growth in Latin America and Asia
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Aeon profits double
Japanese retailer Aeon has bounced back from the 2011 natural disasters and posted solid Q1 results
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Q1 dip for Seven & I
Seven & I Holdings has posted a slight drop in first quarter operating profit, but is still on track for a second year of record results
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Cherries now Korea’s leading imported fruit
Cherries surpass bananas as South Korea’s most imported fruit in terms of value
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Metro moving on Chinese retail market
Shanghai store opening part of Metro’s push to double retail footprint on Chinese mainland
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Small Indonesian retailers win out
Small format retailers are taking market share away from Indonesia’s supermarkets and hypermarkets
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Aeon to list property
In an effort to reduce debt and improve finances Aeon is to list real estate investment trust
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Increase in Chilean kiwifruit exports to Korea
Chile expects kiwifruit exports to Korea to increase this season following last year’s anti-competitive ruling against Zespri